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now. >> gregg: how about basically he was saying look, half the people in america don't pay taxes, income taxes, they have no skin in the game. i mean, that was palblum for the audience. >> and one of the most interesting sections of the speech when he talked about the need for charity and how government, a big government often comes in and takes up the functions of the civil society in a way that's not healthy for the broader society. . >> gregg: all right. steven hayes thank you very very much. appreciate it. >> thanks, guys. >> gregg: my favorite line, economics is not brain surgery. >> heather: yes. >> gregg: of course, he's a neuro brain surgeon. >> heather: he was an exciting speaker, i must say. >> gregg: he wasn't using a teleprompter i don't think. it was amazing and the crowd seems to love dr. ben carson. all right, thanks for watching our coverage of the conservative political action conference. >> heather: and now to bulls and bears that starts right now. >> conservatives at cpac calling for tax cuts, but the president telling republicans, they can hike them or take a
. this is the kudlow report brought to you in washington, d.c. tonight, a special show. now we have more taxes, more spending, more of the same. it's been more than four years since the senate democrats bothered to put together a budget. and as might be expected, their new budget calls for more than $1 trillion in new taxes over the next decade. what a shock that is. meanwhile, senate liberals spent much of the day challenging president obama on his plans for possible entitlement reform. will they block any chance for a grand deal? so what do senate republicans have to say about all this? well, we are about to speak with one of the new rising stars of the gop. senator ted cruise joins us to talk about the budget fight and his promise to do all he can to repeal obamacare. >>> and finally the highlight of our show tonight, my exclusive interview with congressman paul ryan as he unveils his budget plan. the headlines are an obamacare repeal, spending cuts, corporate tax reform and a balanced budget within ten years. >> balancing the budget is not an end of itself, it's a means to an end and the means w
reduction, comparing tax revenues and spending cuts. is this battle for new revenue a losing battle for democrats? >> not at all. i was thinking the last few days and democrats to the same position as republicans that we already had $1.50 trillion in cuts plus the sequester, that means $2.50 trillion at the sequester continues, that we have had enough guts and it is only revenues. where would we be? you have republicans saying only spending cuts, no more revenues. that has to change. there has to be balanced. the republican leadership has made a mistake by cementing themselves and saying we will not touch revenue. there have to be revenues in order to address this problem. >> how do you the republicans to crack on that when they're not showing any willingness to do that? all democrats want that. how do you get republicans to buy into it? >> i was a thing over clips from the county i represent. about 8000 employees will get notices that they will be reduced 20% in income. 30,000 meals for seniors are going to be eliminated. and people understand what the consequences are of their abs
that something will come out of it. but if the president continues to insist on tax hikes, he will let it very far. if the president does not believe we have a spending problem, i do not know that we will get very far, but i am optimistic. host: a couple of facebook postings from joe clark. tenn., on the line first. good morning. caller: i do not know why anyone would meet with president obama, that is a joke. the man never tells the truth. [beep] possible position on budget cuts and tax hikes. he will change in a day or two. he is not trustworthy. he is not anyone you could negotiate with and think that you have something. host: let's hear from fred, an independent caller. he visited the hill several times this week. never seen three days in a row of the president headed to the hill. what you make of this? caller: good morning, first of all. host: good morning. caller: it is politically necessary, first of all, but politics is so disconnected from the rest of the country, like a black operation where they get together in back rooms and pass legislation where we do not even know what is writte
tax refund may have to wait, but the government is not waiting one nano second for the president's health care law. i'm charles payne in for neil cavuto, whether it's the cliff or the sequester cuts to blame, more taxpayers are told they'll have to wait for their money, but a new report shows the irs is going full steam ahead, collecting the new health care. and another double standard. and ben stein, dagen mcdowell, charlie gasperino and adam lashinsky. dagen, sequester hypocrisy? >> of course it is, scare the bejesus out of people and make people think at least they're not going to get their tax refund, but again, the money needs to keep rolling in to pay for the president's health care law and we have no idea yet how much this is going to hit the american people because this year, don't forget, on higher income americans, you have medicare payroll tax hikes, investment income tax hike, a hike in the threshold where you can deduct your medical expenses, you have the medical devices tax, that's just this year. >> that's this year and gary k, with all of that stuff they're not go
announced they were shutting down. we do not help them or america when we keep tax incentives for companies to ship jobs overseas instead of incentivizing companies to hire in wisconsin and in america. we do not help them when we cut programs and raise taxes on the middle class so we can lower the tax rates for the top earners in this country. that seems to be what we received in the budget that is on our guest today. budget should reflect values. what we need to do is focus on economic growth and how to get the people of america back to work. we need a real path to prosperity. when we invest in infrastructure, research, development, small business loans, we can increase competitiveness globally and support small business owners and create jobs. i want to work with all my colleagues on the budget committee on a balanced budget that focuses on job growth and can responsibly reduce the deficit. instead of resorting to recycled policies that have been rejected by the public and congress, we need to focus on ways we can work together to move our economy forward. i yield back the balance of my t
we're looking at if we were to absorb the increase in hotel tax revenue into the general fund? >> i don't know if i have that number off the top of my head. i do have it at my table. can i get it for you in a moment? >> yes, thank you. >> okay, colleagues? any other questions at this time? supervisor mar? >> thank you, ms. howard, i was going to ask you, i know that we're going to talk about set-asides in a moment, so the five year plan assumes the reauthorization of proposition h or the public education enrichment fund and the children's fund, is that right? >> that's correct, supervisor. we certainly discussed what made the most sense to assume, but given the significant interest and the importance of both of those funds, we assumed that both of them would be reauthorized and to the degree that they were -- if they were not to be reauthorized, that would change the projection. >> and given how voters of overwhelmingly supported the children's fund and prop h over the years, hopefully that's a good assumption. there is an amount of money that as the trigger has been pulled for the
in 10 years by reforming the tax code in medicare and repealing the president's health care law. budget committee chairman paul ryan spoke with reporters for a half an hour. >> good morning, everyone. what we have here is the house budget committee republican majority. putting out yet again a budget that it just is america's needs, a budget that balances. it is a responsible, balanced budget. we owe the american people a balanced budget. or the third straight year, we have a limited. we have balance a budget in just 10 years. this is a plan to balance the budget in 10 years. the house budget committee has spent the last several weeks working together with each other just like families and businesses do around the country. we have been assembling a budget so that we can make sure our country can live within its means. it is a reasonable goal, balancing the budget. we cannot keep spending money we do not have. that is the basic acknowledgment and you are budgeting. just like families and businesses, you cannot keep kicking the can down the road. medicare is jeopardizing the health for mil
begin tonight with election day. you remember election day when democrats put their plan for taxes and their plan for spending up against the republican plan for taxes and the republican plan for spending? election day. the democrats said we should raise taxes on the wealthy and make targeted spending cuts. republicans said no new taxes at all and cut programs for the poor like medicaid and food stamps and housing system and so on. these were the competing approaches in 2012 on election day. barack obama and joe biden versus mitt romney and republican budget guru, paul ryan. president obama won on election day. he won with just over 51% of the vote. it wasn't a huge margin but significant and enough we do not have to stay up half the night waiting to results. you want to see the big winner on election day? the idea of raising taxes. on election day more said they should raise taxes than voted for barack obama. 60% said we should raise the revenue for the good of the country and 50% said we should make the rich pay more. another 13% said make everyone pay more. the no taxes, no way,
. but the president continues to insist on tax hikes we will not get very far. if he does not believe we have a spending problem, i do not know if you get very far. i am an optimist. >> are you hopeful that they can do we were not able to? >> the more members that we engage in this process the better off we are. for a couple of reasons. there are a lot of people with a ideas around this congress both in the house and senate. if you're ever going to pass a major bill that will begin to address our spending problems, we will have to grow this support. if you have to be an organic process. and think it is a hopeful sign. maybe something will come up. -- i think it is a hopeful sign. maybe something will come up. >> joining us this sander levin. we have about half an hour. >> thank you for being here today. democrats continue to talk about the balanced approach to deficit reduction, comparing tax revenues and spending cuts. is this battle for new revenue a losing battle for democrats? >> not at all. i was thinking the last few days and democrats to the same position as republicans that we already
away, i can talk about the taxes. anyone can take a look at their january pace of and see the difference. i would even begin to tell you what it means to a small- business owner. instead of being rewarded for saving, for operating reserves and putting aside for reading day, those are taken away. over one had 50 people working across the country to compete with the big companies to also do what i do. i have to provide very good services, very good health care and benefits, so i can track challenge. my check for my premiums today out of my come to any rigid out of my company is $21,000 per month. offor my premiums today out my company is $21,000 per month. revenue, thatonal is all going to hit the bottom line. shrugged? imposing regulations, taxes, additional policies that stifle creativity and do not reward could be hit years, i could go into bankruptcy, go into debt, overspend, i would get a bailout. in seven years i can start all over again. i did not think those are the kinds of things we need to reward. we want people to have this 23 million small businesses to continue
, the overall economic condition of the city including our property tax base, so housing prices, the strength of our tourism economy as well as job growth. as you might imagine, revenue projections are sensitive to the overall economic condition of the city so to the degree that the pay for the recovery is slower or federal spending cuts are more significant than what we -- than we're factoring in at the moment, those projections could change. overall, the plan assumes more conservative growth rates on revenue in the third, fourth and fifth years of the plan. one to have reasons for that is that we are now going into a pretty -- into a sustained period of economic recovery and over the last number of years, we know that we haven't been able to -- we've seen booms and busts in our economy so we need to be i think responsible in our revenue projections in those third, fourth and fifth years. there's still growth rates assumed but just at a lower level. >> ms. howard, quick question for you, and i appreciate that comment, i think as you look at economic cycles and so forth, you can make an argum
portion of that being our property tax which is our largest overall local revenue source, though business taxes and our hotel and sales taxes are as growing over that time period. this slide highlights for you wla the projected growth rates are in the plan, so you can see, you know, stronger growth rates in the early first two years and more moderate projections in the subsequent years. on the expenditure side, our -- the city's expenditures are projected to increase by 1.1 billion dollars over the five year period, that's about 25% growth, and the largest share of that is our salary and fringe benefit costs which are growing we're projecting 460 million dollars, there are a number of citywide cost increase that is are assumed in this plan, things like fully funding our capital plan, our it plan and equipment costs, the plan also assumes that we fully fund inflation on grants as well as other non-personnel services, so that's all the contracts, grants, and other types of expenditures that are not staff costs. >> supervisor breed? >> yes, can you please explain what you mean by fully fund
a responsible plan to balance the budget. the plan will hold washington accountable to fix our broken tax code and repair the safety net, expand opportunities for american families, and create a more accountable and efficient and effective government. the budget will help promote a path to energy security by increasing opportunities to expand production of america's abundant energy resources and this budget will stop the unfair use of funding from hard- working americans. as a job creator and a cpa, i have seen firsthand how domestic american energy production can be a valuable component in creating jobs and fixing our nation's balance. the u.s. has combined recoverable and natural gas, oil, and coal and that is the largest in the earth, larger than russia, saudi arabia, or china. today, the united states is known as the saudi arabia of natural gas. the chart on the screen, if we can bring it up, illustrates how we can bring revenues by hundreds of billions of dollars by not enacting punitive taxes and by expanding exploration for energy on federal lands and oceans. the loss potential is also
their plans for taxes and spending up against the republican plan for taxes and the republican plan for spending. election day. the democrats said we should raise taxes on the wealthy. republicans said no new taxes. no new taxes at all and cut programs for the poor like medicaid and housing assistance and so on. these were the competing approaches in 2012 on election day. barack obama and joe biden versus mitt romney and republican budget guru paul ryan. president obama won. he won with just over 51% of the vote. it wasn't a huge margin. you want to see the big winner. the idea of raising taxes on more voters said the government should raise taxes than voted for barack obama. 60% of people said we should raise revenue for the good of the country. almost 50% said make the rich pay more. 13% said make everyone say more. the no crowd did not even come close. no one should be surprised that americans say they want higher taxes as unpopular as the idea of writing bigger checks to uncle sam, americans have been saying that's what they want from rich people for a long time now. they have s
more money in tax more people. gerri: i think it is the unintended consequences that causes many problems. you change the rules and think he will make things better. to you. at the end of the date is the consumer that gets hurt because they end up paying more in fees and fines. now banks in many ways have decided we really don't want to be in the mortgage industry anymore. where does the individual investor turn? this seems that there is an interplay between these companies in the federal government ultimately does not service the consumer. >> i think the banks, some of these banks are too big. i would prefer to bake them -- break them up into bankruptcy. we do need to address this. the banks are too big. they argue that the new scale because there is global competition. there also argue that they did not cause the financial crisis i don't think the big banks for the cause. the moral hazard problem is there. very real. dodd-frank does not help. gerri: to forces. one is paul ryan and the other patty murray. looking at the budgets that will be coming out. already pretty eloquent ab
that this version balances the budget in the next tenures in not raising taxes so it comes from spending cuts, repeal health care, also an taliban reform for the 55 engender that he would create the new medicare system called premium support others call it the voucher system but after push back the ages 55 and younger. officially released tomorrow the for the first time in four years senate democrats has said negotiating position on wednesday when they unveiled there budget. neil: republicans caused dry and the most grief by not signing on to what he was doing. how much trouble could he have? >> it could be difficult depending on the specifics as long as there is a revenue increase. others want to balance the budget closer in the next 10 years. we already got pushed back for the medicare proposal over 57 years old so he has an easier time than senate democrats who has a tough time with this super liberals on one side to placate. neil: rich jensen. good night. gerri: hello, everybody. i'm gerri willis. tonight on "the willis report" to shocking admissions from the highest levels of government.
and they don't think they'll get their tax refund but the money needs to keep rolling in to pay for the president's healthcare law. we have no idea yet how much this is going to hit the american people because this year, don't forget on higher income americans you have medicare payroll tax hike, investment income hike and medical devices tax, that is just this year. >> and here is the interesting thing. with all that stuff. they are not going to wait nanosecond to collect their money but what the heck, where is my tax refund? >> i think you have a situation where they are trying to cause as much pain as possible to show you, hey, i told you so. sequester was bad. look we went this week where they actually shut down the tours of the white house that only cost $17,000 a week. they are trying to make a point and trying to prove a point and go down the republican throats and make them look bad. we end up losing in the end. >> ben, what do you think? >> i think universal healthcare is moral requirement. mr. mix on ordered we tried to get it three and senator kennedy killed it. the pe
to modernize. punitive taxes and excessive regulations mandating additional costs on them had been responsible. ronald reagan promised to get the government ofthe cks gives us greater productivity.dt the keystohis anwas a 50 billio. ofthe cks how the 1970sgetmorerod? gived been difficult yearsity.dt r the american people, even for ecomists., by980, a growing number of people saw the goveme as e source ofc. let's give the peoplees be, anncentive to produce. these economists were supy-sirs. their spokesman was arthur laffer. let's give the peoplees be, anncentive to produce. people work to get what they can after tax. people don't increase the productivity of their capital, labor, or production process to give the money to the government. they do it to make personal profits. when you cut the taxes, you increase their incentives for doing that activity. you'll increase productivity output. when you increase the amount people get after tax, they will be more productive. laffer believed that tax cuts cause people to work harder. economist norman ture argued that the result would be increased sav
resolution that the senate democrats have put ut in about four years. it would raise more tax revenue, selectively curb spending, and reduce deficits enough to stabilize the debt but not balance the budge net ten years' time. now here's what the house republicans promise. >> our budget will provide economic security for families. it will guarantee a secure retirement for seniors. it will expand opportunity for the young. >> paul ryan's latest edition of his path to prosperity budget isn't too different from previous versions. he plans to maintain revenue lefls, curing spending. the president is way behind on his february 4th deadline to put forward a proposal and he doesn't have much time left. >> my goal is not to chase a balanced budget just for the sake of balance. my goal is how do we grow the economy, put people back to work. >> america doesn't really have a budget right now. it has a continuing resolution, which is an extension of an earlier budget. that continuing resolution expires on march 27th. if congress goes beyond that without at least a patch, the government could shut
further. >> here, here. >> let us be absolutely clear. this is not a tax. >> let me explain.pl let me explain. >> a tax is when you earn somen money. the government takes some of that money away from you.he g that is a tax. >> let me be clear to you. pensions are exempt. people with severely disabled children are exempt.ple people who need care are exempt- those kind of people are all exempt but there is a basic issue of fairness.xe how can it be fair that peoplene on housing benefits in privatei rented accommodations do not ger a fair room subsidy, where ast people in socializing do.ere that is not fair. we are putting that right. >> thank you, mr. speaker. >> thank you. >> figures published yesterday, it has been 37% increase in theu number of deaths linked to this disease. are we going to stop this awful position.io we need to prevent this disease and do research in particular. what is the government doing to help support those with dementia and those who care for them. >> i think you raise something that is of concern to everyonemi in this house and everyone in this country.n no o
by the veteran tax. the housing federation -- thousands of disabled people have no chance -- no chance but to cut back further. will the prime minister adopt this policy? >> let me be absolutely clear. this is not a tax rip-off let me explain to the labor party. a tax is when you earn some money, the government take some of that money away from you, that as a tax. only labor can call the benefit reform but tax increase. let me be clear to you. pensions are exempt. people with severely disabled children are exempt. people who need a round-the- clock care are exempt. those kinds of people are all exempt. as a basic issue of fairness, how can it be fair that people and housing benefits in private residences do not get a better subsidy whereas people in social housing do. that is not fair. we are put in at right. >> thank you. it was published yesterday that over the last 20 years, there has been a 137 cent increase -- if we are going to stop this awful condition from inflicting more people, we need to eat that much more in preventing this disease and in research in particular. will he outline to the
discretionary revenues, this is our revenue sources, taxes, does not include federal and tax [inaudible] and the way these work, supervisors, when they were established, we took a snapshot as to how much general fund money these departments received during that year and we grow that amount based on the growth of these general fund revenues so in the current year for the municipal railway, we have approximately 154 million that is appropriated to them and an additional 58 million dollars for parking and traffic, similarly with the library, 53 million, children services, 115 and this particular baseline is the only one that we overfund that is we provide them with more dollars that is required by formula. the public education services baseline, we need to maintain the level of funding that was provided to the school during the years during that 6.7 million and then re are the amounts for the public education enrichment fund. so, taken together, all of these baselines amount to 450 million dollars of discretionary funds. and then similar to those baselines, we have others that are specifie
revenues including property transfer taxes above the average of the last five years are deposited into this reserve, so if we have a very, very high year of property transfer tax, you hear the controller tell you year after year that these are volatile, we can't dountbacker count on them continuing, so 75% of that growth would be deposited into the stabilization reserve. withdrawals from the reserve are triggered in similar way as the rainy day reserve but they're spread over a three year horizon, we can withdraw up to one-third for each one of three consecutive years and the policy could be suspended for any given year by a two-thirds vote of the board, so here is the chart that you were looking for, supervisor farrell, in each of the years, we show what the balance is in the stabilization reserve, so you see that in the last three years, we have accumulated approximately 95 million dollars is projected, and then you can also see the rainy day reserve, the amounts that are left, so what is left in the rainy day reserve from the economic stabilization fund is the 23 million, so th
unjustified tax loopholes in order to finish the job of stabilizing our finances and strengthening our economy. and i have to say after i wrote my remarks i saw that there was a survey of nabe members, and to some extent i'm preaching to the converted. i see in one question when nabe members were asked how should deficit reduction be accomplished, 77% said with a combination of spending cuts and tax increases. that's the administration's position. also when asked about tax reform, should tax reform increase revenues, 74% agreed that there should be significant increase or slight increase in revenues from tax reform. so bear with me as i explain why i think there's a very strong economic case for those responses. as economists, we are naturally accustomed to viewing the world through the prism of costs and benefits and weighing the costs and benefits on the marginment marginment -- margin. the proper approach to deficit reduction would be to implement policies to the point that they equate the net marginal cost of raising an additional dollar in tax revenues against with the net marginal cost o
we've done with a $600 billion tax hike that we have just paid. you look at those kinds of numbers, you'd have to multiply that times eight, in other words a 4.6 or 8 trillion dollar tax increase on mostly middle class americans just to stop adding to our debt. this is really where we are. these clowns in washington, d.c. make the greek politicians look, you know, really fiscally sound these days. charles charles all right. linwood, what do you think about that? >> well, i mean, she's right on. $85 billion over seven months, which is what the sequester will cut from march 1 til the end of september, and we ran way over that in one month. and the reason we have to get our debt under control is because that's how we're going to really turn the economy around. our debt is now over 100% of the size of our entire economy, and it's really constraining growth. of it's one reason why we're seeing such a stagnant recovery. charles: you know, ford, i guess at this point can we all admit we do have something of a spending problem? >> well, i think we do, and what it shows is how ridiculous th
of the year, tax seasons. >>> a surprisingly strong jobs report for the month of february. employers aed 226,000 jobs. manufacturing and the services sector, both showed strong growth in jobs. it was a record week on wall street n dow industrials reached and all-time high for tuesday. the markets have strong tail winds of low interest rates from the federal reserve and the lack of bad news from washington driving them along with strong earnings. jack welch told me that the economy can take off if regulators get out of the way. >> this economy is sitting here like this, from the bottom, the so if we can ever get a break on the regulars side, this economy is ready to really go. >> the federal reserve released the results of the banks stress test and 17 of the 18 major bannings had capital reserves. the one that dint was allied bank. the u.s. economy shrinking by 5%, larry fink told us that the banks are in great shape. the problem is going forward is no capital, but it's making sure they originate enough loans. >> and facebook is finding out if a its users will like the new news feed. it allow
interesting things to tell republican senators this afternoon. he says he's for corporate tax reform and willing to push fellow democrats on entitlements. is the charm offensive starting to pay off? "the kudlow report" begins right now. first up tonight, a nice 83-point move higher for the dow, makes it ten straight days of gains. we have details of another day of record highs, good evening, ka kayla. >> reporter: jobless claims fell unexpectedly and gave traders more confidence in growth. the dow sitting above 14,500. up 83 points to 14,539. this month the dow has been up nearly every single day. the s & p within four points. all time record closing here. 1,563. on rising rates on treasuries. the highest yield in a year. low by historical standard. 3.248%. and the year on 390-year, up 10% this month alone. lots moving on the mobile front, larry. google will shut down its e-reader and samsung unveiled galaxy 4. blackberry moved on moves of the z-10. closed down just 4%. jcpenney under the microscope. the credit default swaps, those widened dramatically. fears of liquidity crunch hurt
the consumers protection summit. this next panel looks at tax schemes run by companies during tax season. >> thanks for hanging in there everybody. we're almost done, one more panel to go. so, i love the month of march. we got spring training has begun. march madness is about to start. spring is around the corner. tax season is here. well, of course with tax season comes a lot of fraud scams and our next panel is happy to tell you all about it and hopefully arm consumers with additional information that they can watch out for to avoid becoming victims of common tax fraud schemes. with us today we have carol, she's a counsel in the tax division of the department of justice. and robert, the acting director in the global financial crime section in the internal revenue service criminal investigation division. so thank you, why don't you begin, tell us what to watch out for. >> ok, well, i think what most taxpayers are and should be aware of are two different types of scams that might be perpetrated on them during tax season. the first is something that happens without their knowledge, their
limbaugh. >> now, there are people that don't like it, even on the republican side because it has tax increases in it, some say tax increases on the rich. leaves some of obama's tax increases in it. heritage foundation has done deep analysis of this. one of their problems with the ryan budget is, and they do have problems with it, is that hefty tax increases of obama's are maintained. they're kept in it. they're not done away with. >> paul ryan's budget leaves in the increase in top income tax rate that president obama achieved in january, the conservative blog red state noted the ryan budget leaves in 1 trillion in tax revenue in president obama's health care reform bill, including taxes on tanning salons and high value health care plans, which provoked erick erickson to question whether house republicans should even vote for it. since paul ryan's budget keeps the obama care tax revenue stream, isn't voting for his budget a violation of the repeal pledge? and in an interview with cnbc, paul ryan could not continue to pretend his budget choices had any attachment to reality. >> in ter
. future number two is, you don't change the spending which means you have to raise taxes to avoid a big debt crisis. then you have to raise the top marginal tax rate to 92% in order to close the gap. there is no way you're going to get a business to invest with a 92% tax rate. high taxes are disaster. i mean look, melissa, open a business in a world with high taxes or disaster, which would you pick? that's where we are. melissa: i hear you. what were the some of the things you heard from other people on the panel that were persuasive? when you looked out in the audience, were people listening? were they writing things down or empty chamber no one is really paying attention? >> well, here's the good news. the panel consisted of republicans, democrats, academics and former senator judd gregg and there isn't one person on the panel who did not say we have a problem and that problem is urgent. it should be dealt with now. we might disagree to the degree spending is the top issue and taxes can deal with it but no one is there saying hey, do nothing. that's what makes me most nervous about th
think about pat to marry -- patty mariposa proposal that includes spending cuts and tax increases. here are the numbers to call. here is the headline in the baltimore sun this morning. the budget plan -- the senate democratic plan released yesterday would raise taxes on the wealthy and some corporations -- we focused yesterday on the gop proposal and we will reflect on that a little today as we dig into one democrat tab on the table. here's the headline in the washington times. that's the direction the washington times is taking. we will look at a couple other headlines and how they are covering this story. the headline in the new york times says -- we will hear more about that this morning and that is coming into play as well. let's listen to senator patty murray, the head of the budget committee. she unveiled her 2014 budget plan yesterday afternoon. [video clip] >> are budget tackles this issue the way the american people have consistently said they want it done, with an equal mix of responsible spending cuts across the federal budget and new revenue raised by closing loopholes and c
these knuckleheads? orregard to taxing the rich cutting out loopholes, everybody in this country gets some form of entitlement in one shape or form. i don't understand why because i get a paycheck and somebody else makes their money through investments or a different way, why i am taxed more. if you earn money, you get taxed on it the same as everybody else. i do not agree with that at all. and i don't understand why we have to give tax subsidies to corporations that do not need it. why on earth does the oil company need our money? why does the agriculture business need our money? you are making enough money. cut out the tax loopholes and we can get out of this mess. host: we are covering the cpac conference and there are a number of ways you can watch and listen. depending on what the house yesterday, we will be live with the house this morning, once the house recesses, the cpac coverage can be seen on this network. you can also listen on c-span radio and wanted anytime on our website, c-span.org. also be a location to what some of the conferences that get underway this morning. some other com
's on a roll, and the republicans hate it. this is "the ed show." >> it's a very simple equation. tax increases destroy jobs. >> taxes went up and jobs went up. tonight, congresswoman jan schakowsky on the surging obama recovery despite no help from republicans. and the failure of conservative economics with david k. johnston and peter mauricy. the sequester cuts arizona's border patrol and now governor jan brewer is crying for help. the head of the border patrol union joins me tonight. >>> first republicans voted against the violence against women act. now they're trying to fool the public into thinking they supported the law. the big panel weighs in. >>> plus -- former congressman bob may of ohio is going after his fellow republican, speaker john boehner. >>> and he's the activist who dressed up like a pimp to exsuppose acorn corruption. >> when i said i'll turn tricks, i was expecting them to like, whoa! they just heard it and it was business as usual. >> now james o'keefe is paying $100,000 to a victim of his stunt. today, ex-acorn employee juan carlos vera joins me for an exclusive. >>> th
. but listen to this. the democratic budget calls for $1 trillion in tax increases over the next 10 years. how are you going to grow an economy with that? and every working american is going to pay some of those taxes. let me ask you, let me ask you this. are you already not paying taxes through the roof? i am. property tax, sales tax, gas tax, state tax, city of new york tax, federal income tax, and almost everything i do in my leash time, rental cars, hotels, planes, all taxed as well. and the democrats want to add another trillion dollars in taxes? so we're quickly becoming sweden which has the highest tax rate in europe. u.s. corporate tax is already the highest in the world, already. and there is no doubt president obama wants to raise them even further. so, again, is this a sound economic policy? is this going to grow the economy in the u.s.a.? is it? finally, the president and the democratic party have failed to tell the american people exactly what programs they will cut in the future, if anymore. once again, there is no specific entitlement reform put forth by the president. this is r
indicated around incentivizing small businesses, 0-25, but offering them tax credits to make the cost of coverage from the employer's perspective more affordable. >> okay, great, thank you. >> commissioner o'brien. >> would you say in your opinion, that there is a lot of overlap between the two programs? i mean i'm trying to see if the health care act is left in case, which is obviously going to be the place and the other option was taken out, the health security, would that leave a wide slot or section of people that are vulnerable and not covered that wouldn't fall under the umbrella of the affordable care act? i'm trying to -- it's extremely complicated and we're finding out it's going to take a lot of work to research how these programs work on their own first, and then between each other. and i was wondering would it be easier to amend one of them to sort of just be adjusted to fill in the gaps of the care act that doesn't cover it? so that it would be easish to manage the whole thing? would time be sent better trying to engineer it that way, then trying to evolve both of
and utilize growth in those hotel tax revenues to support the general fund. >> thank you. >> you're welcome. so, moving on the next strategy that the plan recommends is to limit our non-personnel inflation growth, so similar to what we were talking about with the hotel tax, the plan recommends that for both non-salary inflationary costs as well as non-profit colas or grant colas to grants, that in the first two years, the city should not fund inflationary increases in either of those categories but that in the subsequent years, modest increases should be provided. and so that's that one. and then this next one is really focused on one-time revenues in savings, so you'll see in the plan that we recommend reducing the reliance on these one-time sources just because it's not rel lie financially prudent to use one-time money to fund your ongoing cost, it's like getting a birthday gift from your grandmother and using it to pay your rent every month, it's not going to be there next month, so it's the more financially responsible thing to do is to use those one-time sources of revenues for one-tim
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